Today looks like an extraordinary Hammer II. The S&P daily high price took out the high for September 23rd by three point 4471 vs 4468. More importantly the “The Big Canary”, interest rate adjusted FANG stocks, have now at 9:30…Continue Reading →
Ten years of Funny Money, starting with Bernanke’s FED QE2 in October 2011, provide lots of bounce activity to the markets but do not negate what is evolving. Today we are seeing kind of a test of some solid moving…Continue Reading →
For the markets, the next couple of weeks will be the most instrumental of the year. As forces line up for this decisive time, the direction, up or down from here for stocks is in focus. And, a big Chaos…Continue Reading →
After many attempts during the week
An early weekly view. The market technicals point to the fact that the market has topped, market traders however point to their view that nothing has changed and we are headed to new highs again. That should mean that we…Continue Reading →
So far the market is ignoring the danger. We may cover half of our short position for a bounce trade if we see panic, that would require an RSI of 18.00 or less, the low today is 36.00.
Please go back and view our post from that day. That was the day that the economic stimulus story changed. Effects caught up with the hype. This would appear to be the end of what really started in 1980 with…Continue Reading →
It started with the interest rate factor on September 23 when the S&P was at 4450 and Nasdaq 100 was at 15294. Today based on the Dollar move I feel we got confirmation on the close. What does that mean…Continue Reading →
Today is a good bounce day, it adds one more day to the moving averages, which will make it probable that the next down move will decisively burst the Asset bubble. Today’s up-move in the dollar will add to that…Continue Reading →
While the S&P 500 at the moment at 4370 (at 9:25 AM CDT) is down some 175 points from the all time highs, the fact remains that the Bubble is still intact by my reckoning. While the early indications (SPX…Continue Reading →